Private medical colleges in the state are believed to have pocketed nearly Rs 1,000 crore taking advantage of the mad scramble for management quota seats among candidates apprehensive about the National Eligibility cum Entrance Test (NEET), which is to be held from next year. If sources are to be believed, management quota seats at almost all private medical colleges in the state have already been filled up, much ahead of EAMCET counselling.

Private college managements have complete control over the 40% or nearly 1,250 seats. Beating the price of an MBBS seat under the management quota of around Rs 40-Rs 50 lakh till last year, each seat is believed to have gone for anything between Rs 80 lakh and 1 crore this year on the spurt in demand following the NEET announcement.

Sources said that aspiring candidates made huge advance payments to book seats under management quota. Counseling for admission into a medical program is likely to be held in the third week of July. Meanwhile, registrar of NTR University, has expressed its inability to act against those colleges in absence of a complaint and owing to the guidelines by various high court and the Supreme Court judgments about governmental interference in the admission process under management quota.